Used primarily as a stabilizer in photographic developers, it helps prevent the degradation of developing agents, ensuring consistent image quality. In organic synthesis, it serves as a key intermediate for the preparation of various heterocyclic compounds, particularly those involving benzotriazole derivatives. Its application extends to the field of corrosion inhibition, where it is employed to protect metals from oxidative damage in industrial settings. Additionally, it finds use in the pharmaceutical industry for the synthesis of bioactive molecules, contributing to the development of new therapeutic agents.